AppLovin Stock (APP) Selloff Offers High-Risk, High-Reward Options Trade
Disappointment remains an overriding theme for mobile technology specialist AppLovin (APP). Since early June, APP stock has declined by more than 22%, with Friday’s price action being particularly severe. Fundamentally, investors have been rushing for the exits when it became clear that the underlying enterprise would not be joining the S&P 500.
Inclusion in the S&P 500 is more than a badge of honor—it drives institutional buying as index funds rebalance. Many expected AppLovin (APP) to join the index, but when S&P Global opted not to make changes this quarter, the stock dropped about 8% on the news.
The stock has clawed back some of its losses since last week. Despite this disappointment, analyst Stone Fox…
